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Just-in-time accounting : how to decrease costs and increase efficiency /
Steven M. Bragg.
edition
3rd ed.
imprint
Hoboken, N.J. : Wiley, c2009.
description
xiii, 354 p.
ISBN
9780470403723 (cloth)
format(s)
Book
Holdings
More Details
imprint
Hoboken, N.J. : Wiley, c2009.
isbn
9780470403723 (cloth)
contents note
Setting up and improving the accounting department -- The sales cycle -- Cash -- Inventory -- Accounts payable -- Cost accounting -- Payroll -- The budget -- Closing the books -- Data collection and storage systems -- Process documentation -- Change management.
general note
Includes index.
catalogue key
6939677
A Look Inside
Excerpts
Flap Copy
Just-in-Time Accounting How to Decrease Costsand Increase Efficiency Third Edition Now more than ever, every CFO, controller, and accounting manager is facing the daunting challenge of slashing accounting department operating costs. Fully revised and updated, Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency, Third Edition will transform your current department into a quicker and more reliable unit, whether you are changing your accounting department out of necessity or just looking to enhance it. From assessing the status of your current systems to handling the effects change may have on your employees, this resourceful book gives you the opportunity to maximize the efficiency of your accounting process. The multi-step approach provided in the Third Edition can be applied to all of your most common transactions, including cash, accounts payable, inventory, cost accounting, payroll, and many other areas of your accounting department. If you're serious about streamlining your accounting system and want to reduce errors and time spent on transactions, look no further than Just-in-Time Accounting, Third Edition. This new edition features: Updated text and examples Additional example controls flow charts Detailed revisions in chapters on: -Sales and accounts receivable -Inventory -Quick close -Advanced data collection Boost your accounting department's bottom line with proven techniques and methods. Streamline all of the processes associated with your system. Increase the quality of your department's performance, guided by samples of cost-benefit analyses. Get the book that helps accounting professionals speed up their accounting processes and cut costs at the same time. Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency, Third Edition shows you how to do it-without forfeiting service.
Flap Copy
Just-in-Time AccountingHow to Decrease Costsand Increase EfficiencyThird EditionNow more than ever, every CFO, controller, and accounting manager is facing the daunting challenge of slashing accounting department operating costs. Fully revised and updated, Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency, Third Edition will transform your current department into a quicker and more reliable unit, whether you are changing your accounting department out of necessity or just looking to enhance it.From assessing the status of your current systems to handling the effects change may have on your employees, this resourceful book gives you the opportunity to maximize the efficiency of your accounting process. The multi-step approach provided in the Third Edition can be applied to all of your most common transactions, including cash, accounts payable, inventory, cost accounting, payroll, and many other areas of your accounting department.If you're serious about streamlining your accounting system and want to reduce errors and time spent on transactions, look no further than Just-in-Time Accounting, Third Edition. This new edition features:Updated text and examplesAdditional example controls flow chartsDetailed revisions in chapters on:-Sales and accounts receivable-Inventory-Quick close-Advanced data collectionBoost your accounting department's bottom line with proven techniques and methods. Streamline all of the processes associated with your system. Increase the quality of your department's performance, guided by samples of cost-benefit analyses. Get the book that helps accounting professionals speed up their accounting processes and cut costs at the same time. Just-in-Time Accounting: How to Decrease Costs and Increase Efficiency, Third Edition shows you how to do it-without forfeiting service.
Full Text Reviews
Appeared in Choice on 1997-02-01:
This volume will make a lot of accounting managers uncomfortable simply because it is about change, sometimes dramatic change, in their organizations. Bragg's goal is to apply a combination of total quality management and reengineering concepts to a typical company's accounting system. The desired result is a "lean and mean" accounting system that is more efficient and less expensive. Throughout the book, Bragg systematically analyzes functional areas of a typical accounting system, proposes changes, and then analyzes the impact on accounting controls and safeguards. His writing style is as crisp and clean as the ideas he presents. The volume is thorough, even including a chapter on the human resources implications of the proposed changes. There are bibliographic references at the end of each chapter, and an extensive index. Graduate; faculty; professional. F. A. Marino Assumption College
Summaries
Bowker Data Service Summary
Just-in-time inventory management (JIT) is based on minimization of inventories as harbingers of waste, redundancy, and liability. This text follows this methodology by demonstrating methods to increase the speed of the accounting function.
Main Description
Just-in-time inventory management is a performance improvement tool adopted by many companies recently. Now in a new edition, Just-in-Time Accounting shows how to turn an accounting department into a quicker and more reliable unit. The new edition includes updated text, exhibits, and examples. Plus, example controls flow charts are added. Whether they are changing their accounting department out of necessity or just looking to enhance it, controllers and CFOs using this book will transform their current department and increase the efficiency and effectiveness of their operations.
Main Description
Praise for Just-in-Time Accounting How to Decrease Costs and Increase Efficiency Third Edition "Most books on business accounting focus only on the accounting process'and never address the operational issues that impact it. Steve Bragg has delivered the rest of the story-the valuable insight and detailed information accountants need to help'them not only properly account for business activities, but to streamline and improve the overall process. Whether the practitioner is just starting up or is working with a well-established business, the information in this book offers real benefits to both." -Joanie C. Mann, Executive Vice President, InsynQ e-Accounting; Business Development Consultant, The Sleeter Group "Mr. Bragg delivers another essential reference for every CFO's bookshelf. Just-in-Time Accounting is full of specific guidance you can use right now to save money, improve processes, and make you more effective." -Luella Schmidt, President, Fine Point Consulting LLC "Just-in-Time Accounting is the 'go-to' accounting department transaction and streamlining reference. Process improvement begins here." -Geoffrey Garland, Controller, Staco Systems "Just-in-Time Accounting is an incredible toolkit for streamlining and simplifying the accounting process. Practical but intelligent approaches to the whole accounting cycle make this book so effective and unique that it is a must-read for accounting clerk and CFO alike, regardless of the company and accounting department size or the industry you are in. -Shan Staka, MBA, Controller, PGP International "One of the critical goals for the CFO is to develop a Lean Finance Factory that is efficient, on time, reliable, and accurate. Steve Bragg's Just-in-Time Accounting does exactly that and more. It not only teaches how to set up a system that delivers, but also teaches how to optimize it and, as such, is a great resource for both new and established CFOs. In today's world of information and data overload, this book is invaluable in teaching how to focus on the urgent and important." -Arif Iqball, Executive Director and Board Member, Avon Products Co. Ltd., Japan "The underlying theme of the book is working in a consistent and efficient manner. Topics discussed and suggestions presented often have a 'lean' feel to them. These methodologies and practices lead to higher efficiency, the elimination of waste, and an increase in quality. The examples on Value-Added Analysis are prime examples of 'lean' thinking. In a time when global competition requires faster response times and lower prices, having an accounting system in place to accurately and effectively support business operations is extremely important. Operational efficiencies lead to lower operating costs and higher operating margins, and Just-in-Time Accounting helps identify many potential candidates for increasing efficiency." -Chip Nickolett, MBA, PMP, Director, Consulting Services-Americas, Ingres Corporation;former president, Comprehensive Solutions (U.S. and UK)
Main Description
Praise for Just-in-Time AccountingHow to Decrease Costs and Increase EfficiencyThird Edition"Most books on business accounting focus only on the accounting process'and never address the operational issues that impact it. Steve Bragg has delivered the rest of the story-the valuable insight and detailed information accountants need to help'them not only properly account for business activities, but to streamline and improve the overall process. Whether the practitioner is just starting up or is working with a well-established business, the information in this book offers real benefits to both." -Joanie C. Mann, Executive Vice President, InsynQ e-Accounting; Business Development Consultant, The Sleeter Group"Mr. Bragg delivers another essential reference for every CFO's bookshelf. Just-in-Time Accounting is full of specific guidance you can use right now to save money, improve processes, and make you more effective." -Luella Schmidt, President, Fine Point Consulting LLC"Just-in-Time Accounting is the 'go-to' accounting department transaction and streamlining reference. Process improvement begins here." -Geoffrey Garland, Controller, Staco Systems"Just-in-Time Accounting is an incredible toolkit for streamlining and simplifying the accounting process. Practical but intelligent approaches to the whole accounting cycle make this book so effective and unique that it is a must-read for accounting clerk and CFO alike, regardless of the company and accounting department size or the industry you are in. -Shan Staka, MBA, Controller, PGP International"One of the critical goals for the CFO is to develop a Lean Finance Factory that is efficient, on time, reliable, and accurate. Steve Bragg's Just-in-Time Accounting does exactly that and more. It not only teaches how to set up a system that delivers, but also teaches how to optimize it and, as such, is a great resource for both new and established CFOs. In today's world of information and data overload, this book is invaluable in teaching how to focus on the urgent and important." -Arif Iqball, Executive Director and Board Member, Avon Products Co. Ltd., Japan"The underlying theme of the book is working in a consistent and efficient manner. Topics discussed and suggestions presented often have a 'lean' feel to them. These methodologies and practices lead to higher efficiency, the elimination of waste, and an increase in quality. The examples on Value-Added Analysis are prime examples of 'lean' thinking. In a time when global competition requires faster response times and lower prices, having an accounting system in place to accurately and effectively support business operations is extremely important. Operational efficiencies lead to lower operating costs and higher operating margins, and Just-in-Time Accounting helps identify many potential candidates for increasing efficiency." -Chip Nickolett, MBA, PMP, Director, Consulting Services-Americas, Ingres Corporation;former president, Comprehensive Solutions (U.S. and UK)
Table of Contents
About the Authorp. ix
Prefacep. xi
Free Online Resourcesp. xiii
Setting Up and Improving the Accounting Departmentp. 1
The Sales Cyclep. 25
Cashp. 69
Inventoryp. 87
Accounts Payablep. 139
Cost Accountingp. 183
Payrollp. 211
The Budgetp. 245
Closing the Booksp. 271
Data Collection and Storage Systemsp. 297
Process Documentationp. 317
Change Managementp. 337
Indexp. 349
Table of Contents provided by Ingram. All Rights Reserved.

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